The Canadian housing market is still strong, despite concerns that a weak spring market would impact July sales. Instead, unit sales across Canada rose 7.2 per cent in July to 42,000, while the dollar value of those sales spiked 12.5 per cent to $19.3 billion.

Mississauga, Ont.-based Brekland Realty, also known as Monster Realty Corp., plead guilty to charges related to the improper handling of its real estate trust account, leading to a $600,000 fine by RECO.

CMHC forecasts gradually improving economic conditions in Canada in 2014 and 2015; though it also predicts a moderation in housing starts, according to its latest quarterly Housing Market Outlook report, released Wednesday.

Industry professionals have often wondered what percentage of condos in Canada’s two biggest markets are occupied by their owners, and what per cent are owned by investors – and the data has finally been compiled.